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2023 Q2 Freight Market Update

Zipline Logistics

inflation rate is sitting at 6% as of February 2023. Fuel Prices Fuel prices have also been steadily declining since the beginning of 2023. Large impacts on the freight market remain to be seen. Retailers Out-of-Stocks Based on IRI data , the beverage industry was out-of-stock on average 10% in March 2023.

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National Agriculture Day 2023

Enterra Insights

Kennedy explained, “The farmer is the only man in our economy who buys everything at retail, sells everything at wholesale, and pays the freight both ways.” … The theme for National Ag Day 2023 is ‘Growing a Climate for Tomorrow.'”[4] ” They also released the following video.

Food 130
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National Logistics Day 2023

Enterra Insights

That includes packaging, warehousing, shipping, and more. He writes, “If you are a part of a very large, multinational corporation, there is great likelihood that there is a logistics department, a distribution center, a freight management function, a warehouse team, an inventory management organization, and a planning team.

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2023 Small Parcel Rate Increases

3PL Insights

FedEx also announced rate increases for 2023, averaging 6.9% for freight rates. Express Package Services and U.S. Fuel surcharge increase for FedEx Express, FedEx Ground, and FedEx Freight shipments. No Shipment Tendered surcharge for FedEx Freight shipments. for express shipping rates and between 6.9% -7.9%

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This Week in Logistics News (January 27 – February 2)

Logistics Viewpoints

Higher labor costs and lower package demand resulted in fourth-quarter sales and 2024 guidance that missed analysts expectations. UPS is seeking alternative strategies for its truck brokerage business, which has seen sales plummet amid a freight recession marked by declining rates and over capacity. The money is coming through the U.S.

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This Week in Logistics News (February 3 – 9)

Logistics Viewpoints

That’s exactly what Amazon is doing as it with its “Ships in Product Packaging” (SIPP) program, which, as the name suggests, allows products to ship in their original box or bag without any added Amazon packaging. At this time, the company does not provide customers with any information about who is delivering their packages.

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This Week in Logistics News (February 11 – 17)

Logistics Viewpoints

The initiative involves placing RFID tags on packages and wearable devices on employees to eliminate manual scans, reduce misloads, and accelerate parcel throughput in the delivery giant’s warehouses. The smart package program also aims to improve the customer experience by slashing the rate of packages placed in the wrong delivery vehicle.